GROUP -Key statistics
| ||||||
Six months
|
Six months
|
Six months
|
Year
|
Year
| ||
ended
|
ended
|
ended
|
ended
|
ended
| ||
Dec
|
Jun
|
Dec
|
Dec
|
Dec
| ||
2023
|
2023
|
2022
|
2023
|
2022
| ||
Restated(2)
|
Restated(2)
|
Restated(2)
| ||||
US Dollar / Imperial
| ||||||
Financial review
| ||||||
(Loss) profit before taxation
|
- $m
|
(13)
|
76
|
62
|
63
|
472
|
Adjusted EBITDA*
|
- $m
|
744
|
676
|
923
|
1,420
|
1,792
|
(Loss) profit attributable to equity shareholders
|
- $m
|
(196)
|
(39)
|
(69)
|
(235)
|
233
|
- US cents/share
|
(47)
|
(9)
|
(16)
|
(56)
|
55
| |
Headline (loss) earnings(1)
|
- $m
|
(107)
|
61
|
185
|
(46)
|
489
|
- US cents/share
|
(25)
|
14
|
44
|
(11)
|
116
| |
Total borrowings
|
- $m
|
2,410
|
2,091
|
2,169
|
2,410
|
2,169
|
Adjusted net debt*
|
- $m
|
1,268
|
1,194
|
878
|
1,268
|
878
|
Total borrowings to profit (loss) before taxation
|
- times
|
38.25
|
15.15
|
4.60
|
38.25
|
4.60
|
Adjusted net debt* to Adjusted EBITDA*
|
- times
|
0.89
|
0.75
|
0.49
|
0.89
|
0.49
|
(1) The financial measures "headline (loss) earnings" and "headline (loss) earnings per share" are not calculated in accordance with IFRS. These measures,
however, are required to be disclosed by the Johannesburg Stock Exchange (JSE) Listings Requirements and therefore do not constitute Non-GAAP
financial measures for purposes of the rules and regulations of the US Securities and Exchange Commission ("SEC") applicable to the use and disclosure of
Non-GAAP financial measures.
| ||||||
(2) For further information, refer to "Non-Reliance on and Restatement of Previously Issued Financial Statements" on pages 2 to 6 below.
| ||||||
* Refer to "Non-GAAP disclosure" for definitions and reconciliations.
| ||||||
$ represents US Dollar, unless otherwise stated.
| ||||||
Rounding of figures may result in computational discrepancies.
|
GROUP - INCOME STATEMENT
|
US Dollar million
|
Year ended Dec 2022
| ||
Previously
reported
|
Adjustment
|
Restated
| |
Unaudited
|
Unaudited
| ||
Cost of sales
|
(3,362)
|
(4)
|
(3,366)
|
Gross profit
|
1,133
|
(4)
|
1,129
|
Impairment, derecognition of assets and profit (loss) on disposal
|
(304)
|
(11)
|
(315)
|
Foreign exchange and fair value adjustments
|
(128)
|
3
|
(125)
|
Share of associates and joint ventures' profit
|
166
|
(5)
|
161
|
Profit before taxation
|
489
|
(17)
|
472
|
Taxation
|
(173)
|
(48)
|
(221)
|
Profit for the year
|
316
|
(65)
|
251
|
Earnings attributable to equity shareholders
|
297
|
(64)
|
233
|
Earnings attributable to non-controlling interests
|
19
|
(1)
|
18
|
Earnings per share
| |||
Basic earnings per ordinary share (US cents)
|
71
|
(16)
|
55
|
Diluted earnings per ordinary share (US cents)
|
71
|
(16)
|
55
|
Headline earnings (1)
|
544
|
(55)
|
489
|
Headline earnings per share (1)
| |||
Headline earnings per ordinary share (US cents) (1) (2)
|
129
|
(13)
|
116
|
Diluted headline earnings per ordinary share (US cents) (1) (3)
|
129
|
(13)
|
116
|
Basic weighted average number of shares
|
420,197,062
|
-
|
420,197,062
|
Diluted weighted average number of shares
|
420,869,866
|
-
|
420,869,866
|
GROUP - INCOME STATEMENT
|
US Dollar million
|
Six months ended June 2023
| ||
Previously
reported
|
Adjustment
|
Restated
| |
Unaudited
|
Unaudited
| ||
Restructuring, care & maintenance and other (expenses) income
|
(58)
|
(10)
|
(68)
|
Share of associates and joint ventures' profit
|
75
|
9
|
84
|
Profit before taxation
|
77
|
(1)
|
76
|
Taxation
|
(32)
|
(79)
|
(111)
|
Profit (loss) for the year
|
45
|
(80)
|
(35)
|
Earnings (loss) attributable to equity shareholders
|
40
|
(79)
|
(39)
|
Earnings attributable to non-controlling interests
|
5
|
(1)
|
4
|
Earnings per share
| |||
Basic earnings (loss) per ordinary share (US cents)
|
10
|
(19)
|
(9)
|
Diluted earnings (loss) per ordinary share (US cents)
|
10
|
(19)
|
(9)
|
Headline earnings (1)
|
140
|
(79)
|
61
|
Headline earnings per share (1)
| |||
Headline earnings per ordinary share (US cents) (1) (2)
|
33
|
(19)
|
14
|
Diluted headline earnings per ordinary share (US cents) (1) (3)
|
33
|
(19)
|
14
|
Basic weighted average number of shares
|
420,818,545
|
-
|
420,818,545
|
Diluted weighted average number of shares
|
421,077,248
|
(258,703)
|
420,818,545
|
GROUP - STATEMENT OF FINANCIAL POSITION
|
US Dollar million
|
As at Dec 2022
| ||
Previously
reported
|
Adjustment
|
Restated
| |
Unaudited
|
Unaudited
| ||
Assets
| |||
Non-current assets
| |||
Tangible assets
|
4,209
|
(1)
|
4,208
|
Investments in associates and joint ventures
|
1,100
|
(9)
|
1,091
|
Deferred taxation
|
72
|
(49)
|
23
|
Equity and liabilities
| |||
Shareholders' equity
|
4,100
|
(60)
|
4,040
|
Non-controlling interests
|
34
|
1
|
35
|
Non-current liabilities
| |||
Lease liabilities
|
102
|
13
|
115
|
Environmental rehabilitation and other provisions
|
634
|
(38)
|
596
|
Current liabilities
| |||
Lease liabilities
|
84
|
(13)
|
71
|
Environmental rehabilitation and other provisions
|
42
|
39
|
81
|
US Dollar million
|
As at June 2023
| ||
Previously
reported
|
Adjustment
|
Restated
| |
Unaudited
|
Unaudited
| ||
Assets
| |||
Non-current assets
| |||
Tangible assets
|
4,277
|
(11)
|
4,266
|
Deferred taxation
|
146
|
(105)
|
41
|
Equity and liabilities
| |||
Shareholders' equity
|
4,048
|
(139)
|
3,909
|
Non-current liabilities
| |||
Deferred taxation
|
318
|
23
|
341
|
GROUP - INCOME STATEMENT
|
Six months
|
Six months
|
Six months
|
Year
|
Year
| |
ended
|
ended
|
ended
|
ended
|
ended
| |
Dec
|
Jun
|
Dec
|
Dec
|
Dec
| |
2023
|
2023
|
2022
|
2023
|
2022
| |
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
| |
US Dollar million
|
Restated
|
Restated
|
Restated
| ||
Revenue from product sales
|
2,396
|
2,186
|
2,346
|
4,582
|
4,501
|
Cost of sales
|
(1,792)
|
(1,749)
|
(1,771)
|
(3,541)
|
(3,366)
|
Loss on non-hedge derivatives and other commodity contracts
|
(12)
|
(2)
|
(6)
|
(14)
|
(6)
|
Gross profit
|
592
|
435
|
569
|
1,027
|
1,129
|
Corporate administration, marketing and related expenses
|
(50)
|
(44)
|
(37)
|
(94)
|
(79)
|
Exploration and evaluation costs
|
(142)
|
(112)
|
(121)
|
(254)
|
(205)
|
Impairment, derecognition of assets and profit (loss) on disposal
|
(95)
|
(126)
|
(313)
|
(221)
|
(315)
|
Restructuring, care & maintenance and other (expenses) income (1)
|
(350)
|
(68)
|
(13)
|
(418)
|
(26)
|
Finance income
|
70
|
57
|
50
|
127
|
81
|
Foreign exchange and fair value adjustments
|
(79)
|
(75)
|
(72)
|
(154)
|
(125)
|
Finance costs and unwinding of obligations
|
(82)
|
(75)
|
(84)
|
(157)
|
(149)
|
Share of associates and joint ventures' profit
|
123
|
84
|
83
|
207
|
161
|
(Loss) profit before taxation
|
(13)
|
76
|
62
|
63
|
472
|
Taxation
|
(174)
|
(111)
|
(127)
|
(285)
|
(221)
|
(Loss) profit for the period
|
(187)
|
(35)
|
(65)
|
(222)
|
251
|
Allocated as follows:
| |||||
Equity shareholders
|
(196)
|
(39)
|
(69)
|
(235)
|
233
|
Non-controlling interests
|
9
|
4
|
4
|
13
|
18
|
(187)
|
(35)
|
(65)
|
(222)
|
251
| |
Basic (loss) earnings per ordinary share (US cents) (2)
|
(47)
|
(9)
|
(16)
|
(56)
|
55
|
Diluted (loss) earnings per ordinary share (US cents) (3)
|
(47)
|
(9)
|
(16)
|
(56)
|
55
|
GROUP - STATEMENT OF FINANCIAL POSITION
|
At
|
At
|
At
| |
Dec
|
Jun
|
Dec
| |
2023
|
2023
|
2022
| |
US Dollar million
|
Unaudited
|
Unaudited
|
Unaudited
|
Restated
|
Restated
| ||
ASSETS
| |||
Non-current assets
| |||
Tangible assets
|
4,419
|
4,266
|
4,208
|
Right of use assets
|
142
|
152
|
156
|
Intangible assets
|
107
|
104
|
106
|
Investments in associates and joint ventures
|
599
|
1,129
|
1,091
|
Other investments
|
1
|
1
|
3
|
Loans receivable
|
358
|
-
|
-
|
Inventories
|
2
|
4
|
5
|
Trade, other receivables and other assets
|
254
|
222
|
231
|
Reimbursive right for post-retirement benefits
|
35
|
12
|
12
|
Deferred taxation
|
50
|
41
|
23
|
Cash restricted for use
|
34
|
34
|
33
|
6,001
|
5,965
|
5,868
| |
Current assets
| |||
Loans receivable
|
148
|
-
|
-
|
Inventories
|
829
|
800
|
773
|
Trade, other receivables and other assets
|
199
|
317
|
237
|
Cash restricted for use
|
34
|
25
|
27
|
Cash and cash equivalents
|
964
|
722
|
1,108
|
2,174
|
1,864
|
2,145
| |
Total assets
|
8,175
|
7,829
|
8,013
|
EQUITY AND LIABILITIES
| |||
Share capital and premium
|
420
|
-
|
-
|
Accumulated profits and other reserves
|
3,291
|
3,909
|
4,040
|
Shareholders' equity
|
3,711
|
3,909
|
4,040
|
Non-controlling interests
|
29
|
33
|
35
|
Total equity
|
3,740
|
3,942
|
4,075
|
Non-current liabilities
| |||
Borrowings
|
2,032
|
1,896
|
1,965
|
Lease liabilities
|
98
|
106
|
115
|
Environmental rehabilitation and other provisions
|
636
|
611
|
596
|
Provision for pension and post-retirement benefits
|
64
|
68
|
71
|
Trade and other payables
|
5
|
8
|
7
|
Deferred taxation
|
395
|
341
|
300
|
3,230
|
3,030
|
3,054
| |
Current liabilities
| |||
Borrowings
|
207
|
17
|
18
|
Lease liabilities
|
73
|
72
|
71
|
Environmental rehabilitation and other provisions
|
80
|
103
|
81
|
Trade and other payables
|
772
|
641
|
667
|
Taxation
|
64
|
19
|
45
|
Bank overdraft
|
9
|
5
|
2
|
1,205
|
857
|
884
| |
Total liabilities
|
4,435
|
3,887
|
3,938
|
Total equity and liabilities
|
8,175
|
7,829
|
8,013
|
GROUP - STATEMENT OF CASH FLOWS
|
Six months
|
Six months
|
Six months
|
Year
|
Year
| |
ended
|
ended
|
ended
|
ended
|
ended
| |
Dec
|
Jun
|
Dec
|
Dec
|
Dec
| |
2023
|
2023
|
2022
|
2023
|
2022
| |
US Dollar million
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Cash flows from operating activities
| |||||
Cash generated from operations
|
555
|
316
|
714
|
871
|
1,244
|
Dividends received from joint ventures
|
143
|
37
|
145
|
180
|
694
|
Taxation refund
|
36
|
-
|
32
|
36
|
32
|
Taxation paid
|
(56)
|
(60)
|
(79)
|
(116)
|
(166)
|
Net cash inflow from operating activities
|
678
|
293
|
812
|
971
|
1,804
|
Cash flows from investing activities
| |||||
Capital expenditure on tangible and intangible assets
|
(589)
|
(453)
|
(594)
|
(1,042)
|
(1,028)
|
Interest capitalised and paid
|
-
|
-
|
(1)
|
-
|
(2)
|
Acquisition of assets
|
-
|
-
|
(152)
|
-
|
(517)
|
Dividends from associates and other investments
|
6
|
6
|
10
|
12
|
18
|
Proceeds from disposal of tangible assets
|
8
|
6
|
8
|
14
|
8
|
Other investments and assets acquired
|
-
|
-
|
-
|
-
|
(16)
|
Proceeds from disposal of other investments
|
20
|
-
|
-
|
20
|
-
|
Loans advanced
|
-
|
(1)
|
(1)
|
(1)
|
(1)
|
(Increase) decrease in cash restricted for use
|
(8)
|
(1)
|
6
|
(9)
|
(4)
|
Interest received
|
60
|
49
|
49
|
109
|
81
|
Net cash outflow from investing activities
|
(503)
|
(394)
|
(675)
|
(897)
|
(1,461)
|
Cash flows from financing activities
| |||||
Share issue expenses
|
(19)
|
-
|
-
|
(19)
|
-
|
Proceeds from borrowings
|
335
|
8
|
64
|
343
|
266
|
Repayment of borrowings
|
(13)
|
(74)
|
(88)
|
(87)
|
(184)
|
Repayment of lease liabilities
|
(50)
|
(44)
|
(42)
|
(94)
|
(82)
|
Finance costs - borrowings
|
(55)
|
(56)
|
(50)
|
(111)
|
(99)
|
Finance costs - leases
|
(6)
|
(5)
|
(5)
|
(11)
|
(10)
|
Other borrowing costs
|
-
|
(1)
|
-
|
(1)
|
(11)
|
Dividends paid
|
(31)
|
(76)
|
(134)
|
(107)
|
(203)
|
Net cash inflow (outflow) from financing activities
|
161
|
(248)
|
(255)
|
(87)
|
(323)
|
Net increase (decrease) in cash and cash equivalents
|
336
|
(349)
|
(118)
|
(13)
|
20
|
Translation
|
(98)
|
(40)
|
(42)
|
(138)
|
(68)
|
Cash and cash equivalents at beginning of period
|
717
|
1,106
|
1,266
|
1,106
|
1,154
|
Cash and cash equivalents at end of period
|
955
|
717
|
1,106
|
955
|
1,106
|
Six months
|
Six months
|
Six months
|
Year
|
Year
| |
ended
|
ended
|
ended
|
ended
|
ended
| |
Dec
|
Jun
|
Dec
|
Dec
|
Dec
| |
2023
|
2023
|
2022
|
2023
|
2022
| |
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
| |
US Dollar million
|
Restated
|
Restated
|
Restated
| ||
The (loss) profit attributable to equity shareholders has been adjusted by the following to arrive at headline (loss) earnings:
| |||||
(Loss) profit attributable to equity shareholders
|
(196)
|
(39)
|
(69)
|
(235)
|
233
|
Net impairment on tangible assets and right of use
assets
|
100
|
92
|
315
|
192
|
315
|
Taxation on net impairment of tangible assets and
right of use assets
|
(7)
|
(21)
|
(60)
|
(28)
|
(60)
|
(Profit) loss on derecognition of assets
|
(3)
|
38
|
2
|
35
|
4
|
Taxation on derecognition of assets
|
1
|
(6)
|
-
|
(5)
|
-
|
Profit on disposal of tangible assets
|
(2)
|
(4)
|
(4)
|
(6)
|
(4)
|
Net impairment on investments
|
-
|
1
|
1
|
1
|
1
|
Headline (loss) earnings
|
(107)
|
61
|
185
|
(46)
|
489
|
Headline (loss) earnings per ordinary share (US
cents) (2)
|
(25)
|
14
|
44
|
(11)
|
116
|
Diluted headline (loss) earnings per ordinary share
(US cents) (3)
|
(25)
|
14
|
44
|
(11)
|
116
|
Number of shares
| |||||
Weighted average number of shares
|
420,971,227
|
420,818,545
|
420,074,065
|
421,105,111
|
420,197,062
|
Dilutive potential of share options
|
-
|
-
|
-
|
-
|
672,804
|
Dilutive weighted average number of ordinary
shares
|
420,971,227
|
420,818,545
|
420,074,065
|
421,105,111
|
420,869,866
|
For the six months ended 31 December 2023
| |||||||||||||||||||||
(in US Dollar million, except as otherwise noted)
| |||||||||||||||||||||
AFRICA
|
AUSTRALIA
|
AMERICAS
| |||||||||||||||||||
Corporate
and other
|
Kibali
|
Iduapriem
|
Obuasi
|
Siguiri
|
Geita
|
Africa
other
|
Africa
|
Sunrise
Dam
|
Tropicana
|
Australia
other
|
Australia
|
Cerro
Vanguardia
|
AngloGold
Ashanti
Mineração
|
Serra
Grande
|
Americas
other
|
Americas
|
Projects
|
Sub-total
|
Less equity
accounted
investments
|
Group
| |
Adjusted EBITDA (1)
| |||||||||||||||||||||
Profit (loss) before taxation
|
(359)
|
150
|
86
|
39
|
13
|
199
|
19
|
506
|
45
|
85
|
(42)
|
88
|
143
|
8
|
(107)
|
(112)
|
(68)
|
(126)
|
41
|
(54)
|
(13)
|
Add back:
| |||||||||||||||||||||
Finance costs and unwinding of obligations
|
45
|
(2)
|
1
|
4
|
5
|
13
|
-
|
21
|
-
|
1
|
4
|
5
|
2
|
5
|
1
|
-
|
8
|
1
|
80
|
2
|
82
|
Finance income
|
(12)
|
(1)
|
-
|
-
|
(4)
|
(7)
|
-
|
(12)
|
-
|
-
|
(2)
|
(2)
|
(43)
|
(1)
|
-
|
-
|
(44)
|
(1)
|
(71)
|
1
|
(70)
|
Amortisation of tangible, right of use and
intangible assets
|
2
|
54
|
63
|
31
|
24
|
50
|
-
|
222
|
32
|
65
|
1
|
98
|
20
|
46
|
24
|
-
|
90
|
-
|
412
|
(54)
|
358
|
Other amortisation
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
10
|
(1)
|
-
|
9
|
1
|
11
|
-
|
11
|
Associates and joint ventures share of
amortisation, interest, taxation and other
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
119
|
120
|
EBITDA
|
(322)
|
201
|
150
|
74
|
38
|
255
|
19
|
737
|
77
|
151
|
(39)
|
189
|
122
|
68
|
(83)
|
(112)
|
(5)
|
(125)
|
474
|
14
|
488
|
Adjustments:
| |||||||||||||||||||||
Foreign exchange and fair value adjustments
|
(12)
|
14
|
-
|
1
|
2
|
6
|
-
|
23
|
-
|
-
|
-
|
-
|
(29)
|
(1)
|
1
|
111
|
82
|
-
|
93
|
(14)
|
79
|
Care and maintenance costs
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
49
|
-
|
-
|
49
|
2
|
51
|
-
|
51
|
Retrenchment and related costs
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
16
|
-
|
-
|
16
|
1
|
17
|
-
|
17
|
Impairment, derecognition of assets and profit
(loss) on disposal
|
-
|
-
|
-
|
-
|
(5)
|
-
|
-
|
(5)
|
-
|
-
|
-
|
-
|
-
|
(32)
|
108
|
(1)
|
75
|
25
|
95
|
-
|
95
|
Unrealised non-hedge derivative loss
|
11
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
11
|
-
|
11
|
Joint ventures share of costs
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
-
|
1
|
Realised other commodity contracts
|
2
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2
|
-
|
2
|
Intergroup interest, royalty, dividend and
management fees
|
(15)
|
22
|
4
|
-
|
-
|
-
|
(22)
|
4
|
-
|
-
|
5
|
5
|
-
|
-
|
-
|
-
|
-
|
6
|
-
|
-
|
-
|
Adjusted EBITDA
|
(336)
|
237
|
154
|
75
|
35
|
261
|
(2)
|
760
|
77
|
151
|
(34)
|
194
|
93
|
100
|
26
|
(2)
|
217
|
(91)
|
744
|
-
|
744
|
For the six months ended 30 June 2023
| |||||||||||||||||||||
(in US Dollar million, except as otherwise noted)
| |||||||||||||||||||||
AFRICA
|
AUSTRALIA
|
AMERICAS
| |||||||||||||||||||
Corporate
and other
|
Kibali
|
Iduapriem
|
Obuasi
|
Siguiri
|
Geita
|
Africa
other
|
Africa
|
Sunrise
Dam
|
Tropicana
|
Australia
other
|
Australia
|
Cerro
Vanguardia
|
AngloGold
Ashanti
Mineração
|
Serra
Grande
|
Americas
other
|
Americas
|
Projects
|
Sub-total
|
Less equity
accounted
investments
|
Group
| |
Restated
|
Restated
|
Restated
|
Restated
|
Restated
|
Restated
| ||||||||||||||||
Adjusted EBITDA (1)
| |||||||||||||||||||||
Profit (loss) before taxation
|
(73)
|
84
|
38
|
77
|
19
|
126
|
21
|
365
|
54
|
63
|
(39)
|
78
|
57
|
(179)
|
(26)
|
(34)
|
(182)
|
(82)
|
106
|
(30)
|
76
|
Add back:
| |||||||||||||||||||||
Finance costs and unwinding of obligations
|
42
|
4
|
1
|
3
|
4
|
12
|
-
|
24
|
-
|
1
|
3
|
4
|
2
|
6
|
1
|
-
|
9
|
-
|
79
|
(4)
|
75
|
Finance income
|
(12)
|
(7)
|
-
|
(2)
|
1
|
(9)
|
-
|
(17)
|
-
|
-
|
(1)
|
(1)
|
(32)
|
(1)
|
-
|
(1)
|
(34)
|
-
|
(64)
|
7
|
(57)
|
Amortisation of tangible, right of use and
intangible assets
|
2
|
45
|
66
|
30
|
15
|
41
|
-
|
197
|
25
|
40
|
1
|
66
|
19
|
42
|
19
|
-
|
80
|
-
|
345
|
(45)
|
300
|
Other amortisation
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(8)
|
-
|
-
|
(8)
|
1
|
(7)
|
-
|
(7)
|
Associates and joint ventures share of
amortisation, interest, taxation and other
|
2
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2
|
79
|
81
|
EBITDA
|
(39)
|
126
|
105
|
108
|
39
|
170
|
21
|
569
|
79
|
104
|
(36)
|
147
|
46
|
(140)
|
(6)
|
(35)
|
(135)
|
(81)
|
461
|
7
|
468
|
Adjustments:
| |||||||||||||||||||||
Foreign exchange and fair value adjustments
|
3
|
7
|
4
|
5
|
2
|
9
|
1
|
28
|
-
|
-
|
(2)
|
(2)
|
11
|
4
|
3
|
37
|
55
|
(2)
|
82
|
(7)
|
75
|
Care and maintenance costs
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2
|
2
|
-
|
2
|
Retrenchment and related costs
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
1
|
-
|
-
|
2
|
-
|
2
|
-
|
2
|
Impairment, derecognition of assets and profit
(loss) on disposal
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
121
|
9
|
(4)
|
126
|
-
|
126
|
-
|
126
|
Unrealised non-hedge derivative loss
|
(2)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(2)
|
-
|
(2)
|
Realised other commodity contracts
|
5
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
5
|
-
|
5
|
Intergroup interest, royalty, dividend and
management fees
|
(17)
|
23
|
1
|
-
|
-
|
-
|
(23)
|
1
|
-
|
-
|
8
|
8
|
-
|
(1)
|
-
|
-
|
(1)
|
9
|
-
|
-
|
-
|
Adjusted EBITDA
|
(50)
|
156
|
110
|
113
|
41
|
179
|
(1)
|
598
|
79
|
104
|
(30)
|
153
|
58
|
(15)
|
6
|
(2)
|
47
|
(72)
|
676
|
-
|
676
|
For the six months ended 31 December 2022
| |||||||||||||||||||||
(in US Dollar million, except as otherwise noted)
| |||||||||||||||||||||
AFRICA
|
AUSTRALIA
|
AMERICAS
| |||||||||||||||||||
Corporate
and other
|
Kibali
|
Iduapriem
|
Obuasi
|
Siguiri
|
Geita
|
Africa
other
|
Africa
|
Sunrise
Dam
|
Tropicana
|
Australia
other
|
Australia
|
Cerro
Vanguardia
|
AngloGold
Ashanti
Mineração
|
Serra
Grande
|
Americas
other
|
Americas
|
Projects
|
Sub-total
|
Less equity
accounted
investments
|
Group
| |
Restated
|
Restated
|
Restated
|
Restated
|
Restated
|
Restated
| ||||||||||||||||
Adjusted EBITDA (1)
| |||||||||||||||||||||
Profit (loss) before taxation
|
(87)
|
100
|
52
|
120
|
-
|
179
|
24
|
475
|
6
|
97
|
(48)
|
55
|
76
|
(224)
|
(59)
|
(53)
|
(260)
|
(76)
|
107
|
(45)
|
62
|
Add back:
| |||||||||||||||||||||
Finance costs and unwinding of obligations
|
41
|
(2)
|
1
|
4
|
9
|
16
|
-
|
28
|
-
|
1
|
5
|
6
|
2
|
4
|
1
|
-
|
7
|
-
|
82
|
2
|
84
|
Finance income
|
(11)
|
(3)
|
-
|
(1)
|
-
|
-
|
-
|
(4)
|
-
|
-
|
-
|
-
|
(36)
|
(1)
|
-
|
(1)
|
(38)
|
-
|
(53)
|
3
|
(50)
|
Amortisation of tangible, right of use and
intangible assets
|
2
|
50
|
49
|
24
|
28
|
56
|
-
|
207
|
28
|
66
|
1
|
95
|
23
|
54
|
20
|
-
|
97
|
-
|
401
|
(50)
|
351
|
Other amortisation
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(4)
|
(1)
|
-
|
-
|
(5)
|
1
|
(4)
|
-
|
(4)
|
Associates and joint ventures share of
amortisation, interest, taxation and other
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
84
|
85
|
EBITDA
|
(54)
|
145
|
102
|
147
|
37
|
251
|
24
|
706
|
34
|
164
|
(42)
|
156
|
61
|
(168)
|
(38)
|
(54)
|
(199)
|
(75)
|
534
|
(6)
|
528
|
Adjustments:
| |||||||||||||||||||||
Foreign exchange and fair value adjustments
|
8
|
(6)
|
1
|
2
|
-
|
(1)
|
-
|
(4)
|
-
|
-
|
1
|
1
|
(1)
|
4
|
-
|
57
|
60
|
1
|
66
|
6
|
72
|
Retrenchment and related costs
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
1
|
-
|
2
|
-
|
3
|
-
|
3
|
Impairment, derecognition of assets and profit
(loss) on disposal
|
-
|
-
|
-
|
2
|
-
|
-
|
-
|
2
|
-
|
-
|
-
|
-
|
-
|
259
|
56
|
(4)
|
311
|
-
|
313
|
-
|
313
|
Unrealised non-hedge derivative loss
|
6
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
6
|
-
|
6
|
Joint ventures share of costs
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
-
|
1
|
Intergroup interest, royalty, dividend and
management fees
|
(9)
|
26
|
1
|
-
|
-
|
-
|
(26)
|
1
|
-
|
1
|
4
|
5
|
-
|
(2)
|
-
|
-
|
(2)
|
5
|
-
|
-
|
-
|
Adjusted EBITDA
|
(48)
|
165
|
104
|
151
|
37
|
250
|
(1)
|
706
|
34
|
165
|
(37)
|
162
|
60
|
94
|
19
|
(1)
|
172
|
(69)
|
923
|
-
|
923
|
For the year ended 31 December 2023
| |||||||||||||||||||||
(in US Dollar million, except as otherwise noted)
| |||||||||||||||||||||
AFRICA
|
AUSTRALIA
|
AMERICAS
| |||||||||||||||||||
Corporate
and other
|
Kibali
|
Iduapriem
|
Obuasi
|
Siguiri
|
Geita
|
Africa
other
|
Africa
|
Sunrise
Dam
|
Tropicana
|
Australia
other
|
Australia
|
Cerro
Vanguardia
|
AngloGold
Ashanti
Mineração
|
Serra
Grande
|
Americas
other
|
Americas
|
Projects
|
Sub-total
|
Less equity
accounted
investments
|
Group
| |
Adjusted EBITDA (1)
| |||||||||||||||||||||
Profit (loss) before taxation
|
(432)
|
233
|
124
|
116
|
32
|
325
|
41
|
871
|
99
|
149
|
(82)
|
166
|
201
|
(170)
|
(134)
|
(146)
|
(249)
|
(209)
|
147
|
(84)
|
63
|
Add back:
| |||||||||||||||||||||
Finance costs and unwinding of obligations
|
87
|
3
|
2
|
7
|
8
|
25
|
-
|
45
|
-
|
2
|
8
|
10
|
4
|
9
|
3
|
1
|
17
|
1
|
160
|
(3)
|
157
|
Finance income
|
(25)
|
(8)
|
-
|
(2)
|
(2)
|
(16)
|
-
|
(28)
|
-
|
-
|
(3)
|
(3)
|
(75)
|
(1)
|
(1)
|
(1)
|
(78)
|
(1)
|
(135)
|
8
|
(127)
|
Amortisation of tangible, right of use and
intangible assets
|
5
|
99
|
129
|
61
|
39
|
91
|
-
|
419
|
58
|
104
|
1
|
163
|
39
|
88
|
43
|
-
|
170
|
-
|
757
|
(99)
|
658
|
Other amortisation
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(1)
|
1
|
-
|
-
|
-
|
3
|
3
|
-
|
3
|
Associates and joint ventures share of
amortisation, interest, taxation and other
|
3
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
3
|
199
|
202
|
EBITDA
|
(362)
|
327
|
255
|
182
|
77
|
425
|
41
|
1,307
|
157
|
255
|
(76)
|
336
|
168
|
(73)
|
(89)
|
(146)
|
(140)
|
(206)
|
935
|
21
|
956
|
Adjustments:
| |||||||||||||||||||||
Foreign exchange and fair value adjustments
|
(8)
|
21
|
4
|
7
|
3
|
15
|
-
|
50
|
-
|
(1)
|
(2)
|
(3)
|
(18)
|
5
|
3
|
147
|
137
|
(1)
|
175
|
(21)
|
154
|
Care and maintenance costs
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
49
|
-
|
-
|
49
|
3
|
52
|
-
|
52
|
Retrenchment and related costs
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
16
|
1
|
-
|
18
|
1
|
19
|
-
|
19
|
Impairment, derecognition of assets and profit
(loss) on disposal
|
-
|
-
|
-
|
(1)
|
(4)
|
-
|
-
|
(5)
|
-
|
-
|
-
|
-
|
-
|
90
|
116
|
(5)
|
201
|
25
|
221
|
-
|
221
|
Unrealised non-hedge derivative loss
|
9
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
9
|
-
|
9
|
Joint ventures share of costs
|
-
|
-
|
-
|
-
|
-
|
-
|
2
|
2
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2
|
-
|
2
|
Realised other commodity contracts
|
7
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
7
|
-
|
7
|
Intergroup interest, royalty, dividend and
management fees
|
(31)
|
45
|
5
|
-
|
-
|
-
|
(45)
|
5
|
-
|
-
|
13
|
13
|
-
|
(1)
|
-
|
-
|
(1)
|
14
|
-
|
-
|
-
|
Adjusted EBITDA
|
(385)
|
393
|
264
|
188
|
76
|
440
|
(2)
|
1,359
|
157
|
254
|
(65)
|
346
|
151
|
86
|
31
|
(4)
|
264
|
(164)
|
1,420
|
-
|
1,420
|
For the year ended 31 December 2022
| |||||||||||||||||||||
(in US Dollar million, except as otherwise noted)
| |||||||||||||||||||||
AFRICA
|
AUSTRALIA
|
AMERICAS
| |||||||||||||||||||
Corporate
and other
|
Kibali
|
Iduapriem
|
Obuasi
|
Siguiri
|
Geita
|
Africa
other
|
Africa
|
Sunrise
Dam
|
Tropicana
|
Australia
other
|
Australia
|
Cerro
Vanguardia
|
AngloGold
Ashanti
Mineração
|
Serra
Grande
|
Americas
other
|
Americas
|
Projects
|
Sub-total
|
Less equity
accounted
investments
|
Group
| |
Restated
|
Restated
|
Restated
|
Restated
|
Restated
|
Restated
| ||||||||||||||||
Adjusted EBITDA (1)
| |||||||||||||||||||||
Profit (loss) before taxation
|
(160)
|
175
|
118
|
178
|
73
|
293
|
45
|
882
|
39
|
175
|
(100)
|
114
|
157
|
(184)
|
(65)
|
(76)
|
(168)
|
(126)
|
542
|
(70)
|
472
|
Add back:
| |||||||||||||||||||||
Finance costs and unwinding of obligations
|
84
|
6
|
2
|
5
|
11
|
23
|
-
|
47
|
1
|
2
|
8
|
11
|
3
|
8
|
1
|
1
|
13
|
-
|
155
|
(6)
|
149
|
Finance income
|
(15)
|
(8)
|
-
|
(1)
|
-
|
(1)
|
-
|
(10)
|
-
|
-
|
-
|
-
|
(60)
|
(2)
|
-
|
(2)
|
(64)
|
-
|
(89)
|
8
|
(81)
|
Amortisation of tangible, right of use and
intangible assets
|
4
|
95
|
80
|
40
|
54
|
102
|
-
|
371
|
54
|
117
|
1
|
172
|
39
|
106
|
40
|
-
|
185
|
-
|
732
|
(95)
|
637
|
Other amortisation
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(4)
|
(1)
|
-
|
-
|
(5)
|
2
|
(3)
|
-
|
(3)
|
Associates and joint ventures share of
amortisation, interest, taxation and other
|
2
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2
|
163
|
165
|
EBITDA
|
(85)
|
268
|
200
|
222
|
138
|
417
|
45
|
1,290
|
94
|
294
|
(91)
|
297
|
135
|
(73)
|
(24)
|
(77)
|
(39)
|
(124)
|
1,339
|
-
|
1,339
|
Adjustments:
| |||||||||||||||||||||
Foreign exchange and fair value adjustments
|
14
|
-
|
2
|
2
|
(1)
|
(2)
|
-
|
1
|
-
|
-
|
6
|
6
|
12
|
10
|
2
|
79
|
103
|
1
|
125
|
-
|
125
|
Retrenchment and related costs
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2
|
3
|
1
|
(1)
|
5
|
1
|
6
|
-
|
6
|
Impairment, derecognition of assets and profit
(loss) on disposal
|
-
|
-
|
-
|
2
|
1
|
-
|
-
|
3
|
-
|
-
|
-
|
-
|
-
|
259
|
56
|
(3)
|
312
|
-
|
315
|
-
|
315
|
Unrealised non-hedge derivative loss
|
6
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
6
|
-
|
6
|
Joint ventures share of costs
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1
|
-
|
1
|
Intergroup interest, royalty, dividend and
management fees
|
(19)
|
63
|
2
|
-
|
-
|
1
|
(63)
|
3
|
-
|
-
|
13
|
13
|
-
|
(4)
|
-
|
-
|
(4)
|
7
|
-
|
-
|
-
|
Adjusted EBITDA
|
(84)
|
331
|
204
|
226
|
138
|
416
|
(17)
|
1,298
|
94
|
294
|
(72)
|
316
|
149
|
195
|
35
|
(2)
|
377
|
(115)
|
1,792
|
-
|
1,792
|
At
|
At
|
At
| |
Dec
|
Jun
|
Dec
| |
2023
|
2023
|
2022
| |
Unaudited
|
Unaudited
|
Unaudited
| |
US Dollar million
|
Restated
|
Restated
| |
Borrowings - non-current portion
|
2,032
|
1,896
|
1,965
|
Borrowings - current portion
|
207
|
17
|
18
|
Borrowings - total
|
2,239
|
1,913
|
1,983
|
Lease liabilities - non-current portion
|
98
|
106
|
115
|
Lease liabilities - current portion
|
73
|
72
|
71
|
Lease liabilities - total
|
171
|
178
|
186
|
Total borrowings
|
2,410
|
2,091
|
2,169
|
Less cash and cash equivalents (net of bank overdraft)
|
(955)
|
(717)
|
(1,106)
|
Net debt
|
1,455
|
1,374
|
1,063
|
Adjustments:
| |||
IFRS16 lease adjustments
|
(149)
|
(153)
|
(158)
|
Unamortised portion of borrowing costs
|
30
|
32
|
33
|
Cash restricted for use
|
(68)
|
(59)
|
(60)
|
Adjusted net debt
|
1,268
|
1,194
|
878
|
Adjusted net debt to Adjusted EBITDA
|
0.89:1
|
0.75:1
|
0.49:1
|
Total borrowings to profit (loss) before taxation
|
38.25:1
|
15.15:1
|
4.60:1
|
(1) Net debt (as adjusted) and prepared in terms of the formula set out in the Revolving Credit Agreements.
|
Six months
|
Six months
|
Six months
|
Year
|
Year
| ||||||
ended
|
ended
|
ended
|
ended
|
ended
| ||||||
Dec
|
Jun
|
Dec
|
Dec
|
Dec
| ||||||
2023
|
2023
|
2022
|
2023
|
2022
| ||||||
US Dollar million
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
| |||||
Subsidiaries
|
Joint Ventures
|
Subsidiaries
|
Joint Ventures
|
Subsidiaries
|
Joint Ventures
|
Subsidiaries
|
Joint Ventures
|
Subsidiaries
|
Joint Ventures
| |
Gold income
|
2,335
|
370
|
2,144
|
298
|
2,298
|
315
|
4,480
|
668
|
4,388
|
596
|
Realised gain on non-hedge derivatives
|
1
|
-
|
1
|
-
|
-
|
-
|
2
|
-
|
-
|
-
|
Adjusted for non-controlling interests
|
(49)
|
-
|
(50)
|
-
|
(51)
|
-
|
(99)
|
-
|
(112)
|
-
|
Attributable gold income including realised non-hedge derivatives
|
2,287
|
370
|
2,095
|
298
|
2,247
|
315
|
4,383
|
668
|
4,276
|
596
|
Attributable gold sold - oz (000) (1)
|
1,180
|
189
|
1,092
|
154
|
1,302
|
182
|
2,273
|
343
|
2,385
|
332
|
Average gold price received per ounce - $/oz
|
1,939
|
1,953
|
1,917
|
1,941
|
1,725
|
1,732
|
1,928
|
1,948
|
1,793
|
1,795
|
AngloGold Ashanti plc
Incorporated in England & Wales
Registration No. 14654651
LEI No. 2138005YDSA7A82RNU96
Share codes:
ISIN: GB00BRXH2664
CUSIP: G0378L100
NYSE: AU
JSE: ANG
A2X: ANG
GhSE (Shares): AGA
GhSE (GhDS): AAD
JSE Sponsor:
The Standard Bank of South Africa Limited
Auditors: PricewaterhouseCoopers Inc.
Offices
Registered and Corporate
4th Floor, Communications House
South Street
Staines-upon-Thames
Surrey TW18 4PR
United Kingdom
Telephone: +44 (0) 203 968 3320
Fax: +44 (0) 203 968 3325
Australia
Level 10, AMP Building,
140 St George's Terrace
Perth, WA 6000
(PO Box Z5046, Perth WA 6831)
Australia
Telephone: +61 8 9425 4602
Fax: +61 8 9425 4662
Ghana
Gold House
Patrice Lumumba Road
(PO Box 2665)
Accra
Ghana
Telephone: +233 303 773400
Fax: +233 303 778155
|
Directors
Executive
A Calderon▲ (Chief Executive Officer)
GA Doran▲ (Chief Financial Officer)
Non-Executive
MDC Ramos^ (Chairman)
KOF Busia△
AM Ferguson*
AH Garner#
R Gasant^
SP Lawson#
J Magie§
MC Richter#~
DL Sands#
JE Tilk§
* British § Canadian #American ▲Australian
~Panamanian ^South African △Ghanaian
Officers
HC Grantham
Interim Company Secretary
Company secretarial e-mail
Companysecretary@anglogoldashanti.com
Investor Relations contacts
Yatish Chowthee
Telephone: +27 11 637 6273
Mobile: +27 78 364 2080
E-mail: yrchowthee@anglogoldashanti.com
Andrea Maxey
Telephone: +61 08 9425 4603
Mobile: +61 400 072 199
E-mail: amaxey@anglogoldashanti.com
AngloGold Ashanti website
www.anglogoldashanti.com
AngloGold Ashanti posts information that may be important
to investors on the main page of its website at
www.anglogoldashanti.com and under the "Investors" tab on
the main page. This information is updated periodically.
AngloGold Ashanti intends to use its website as a means of
disclosing material non-public information to the public in a
broad, non-exclusionary manner and for complying with its
disclosure obligations. Accordingly, investors should visit
this website regularly to obtain important information about
AngloGold Ashanti, in addition to following its press
releases, documents it files with, or furnishes to, the United
States Securities and Exchange Commission (SEC) and
public conference calls and webcasts. No material on the
AngloGold Ashanti website forms any part of, or is
incorporated by reference into, this document. References
herein to the AngloGold Ashanti website shall not be
deemed to cause such incorporation.
PUBLISHED BY ANGLOGOLD ASHANTI
|
Share Registrars
United States
Computershare Trust Company, N.A.
150 Royall Street
Suite 101
Canton, MA 02021
United States of America
Telephone US: 866-644-4127
Telephone non-US: +1-781-575-2000
Shareholder Online Inquiries:
https://www-us.computershare.com/Investor/#Contact
Website: www.computershare.com/investor
South Africa
Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2196
(PO Box 61051, Marshalltown 2107)
South Africa
Telephone: 0861 100 950 (in SA)
Fax: +27 11 688 5218
E-mail: queries@computershare.co.za
Website: www.computershare.com
Ghana
Central Securities Depository (GH) LTD
4th Floor, Cedi House
PMB CT 465, Cantonments
Accra, Ghana
Telephone: +233 302 689313
Fax: +233 302 689315
Ghana depositary
NTHC Limited
18 Gamel Abdul Nasser Avenue
Ringway Estate
Accra, Ghana
Telephone: +233 302 235814/6
Fax: +233 302 229975
|
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Anglogold Ashanti plc published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2024 10:38:08 UTC.